Written by ForexBrokers.com
In this head to head comparison of FXOpen vs Xtrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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FXOpen and Xtrade are both online brokers established in 2003, each with a solid presence in the trading industry, though they are not publicly traded companies nor banks. When evaluating their trustworthiness, FXOpen holds a slight edge with a ForexBrokers.com Trust Score of 76, indicating an average risk level. This is slightly higher than Xtrade’s Trust Score of 74. Both brokers have managed to secure highly trusted Tier-1 licenses, with FXOpen holding two and Xtrade holding one, showcasing their commitment to maintaining high regulatory standards.
Xtrade balances its regulatory standing with one Tier-2 license, considered trusted according to ForexBrokers.com, compared to none for FXOpen. This difference in their regulatory profiles may influence traders looking for specific security and trust measures. Ultimately, both brokers are similarly positioned in terms of risk, while each maintains distinct regulatory credentials, allowing potential customers to choose based on their personal preferences for security and trust.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Year Founded | 2003 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commissions and fees of FXOpen and Xtrade, it's clear there are notable differences between these two online brokers. FXOpen is ranked #45 out of 62 brokers by ForexBrokers.com in the Commissions and Fees category and earns a commendable 4-star rating. However, specific average spread data is unavailable, which makes a comprehensive fee comparison challenging. Nevertheless, FXOpen is generally perceived as offering competitive pricing, appealing to traders who appreciate affordable transaction costs.
In contrast, Xtrade falls significantly behind in terms of fee competitiveness. The broker is ranked last, at #62, in the Commissions and Fees category by ForexBrokers.com. With a rating of only 2.5 stars, Xtrade seems less favorable for cost-conscious traders. As with FXOpen, detailed average spread data for Xtrade is not available, but its lower ranking suggests that traders might encounter higher costs than with other brokers in the market.
Based on the available information, FXOpen appears to offer a more attractive fee structure compared to Xtrade. While data on average spreads is missing for both, FXOpen's higher rank and star rating imply it might be the better choice for those focused on minimizing their trading expenses.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investment options between FXOpen and Xtrade, several key differences emerge. Both brokers support forex trading via CFDs and spot contracts, yet Xtrade stands out with a more extensive variety of tradeable symbols, offering 482 compared to FXOpen's 87. In terms of forex pairs, Xtrade provides access to 56 pairs, while FXOpen offers 25, making Xtrade a more appealing option for those seeking greater diversification in this area. However, neither broker allows clients to purchase exchange-traded securities directly on U.S. or international exchanges, which can be a limitation for those interested in traditional stock investments.
For investors interested in cryptocurrency derivatives, both FXOpen and Xtrade accommodate these options but do not facilitate the purchase of actual cryptocurrencies. A notable feature of FXOpen is its support for copy trading, which Xtrade currently does not offer. In terms of ratings for the range of investments, FXOpen has earned 3 stars, holding the 61st position out of 62 brokers reviewed by ForexBrokers.com. Xtrade fares slightly better with a 3.5-star rating, positioned at 49th. These rankings suggest Xtrade may offer a broader range of investment opportunities relative to FXOpen.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 87 | 482 |
| Forex Pairs (Total) | 25 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
FXOpen and Xtrade both cater to traders who seek flexibility and variety in their trading experience. FXOpen provides traders with a Windows-based desktop platform and web-based options, making it accessible across different devices. Additionally, it supports popular platforms like MetaTrader 4 and MetaTrader 5, alongside features such as copy trading and ZuluTrade, which are attractive for users interested in mimicking successful trades. FXOpen also offers a virtual demo account for simulated trading, giving new traders a risk-free opportunity to hone their skills. With a higher variety of platforms and tools, FXOpen earns a respectable rating of 4 stars in trading platforms and tools categories.
On the other hand, Xtrade stands out with its proprietary web-based trading platform, designed in-house to meet the unique needs of its user base. While it doesn't support MT4 or MT5, Xtrade offers ample customization with up to 100 drawing tools, allowing for detailed technical analysis and personalization. Similar to FXOpen, Xtrade also provides a demo account for practice trading. Despite lacking copy trading options, Xtrade features a comprehensive watch list with nine fields, enabling detailed market monitoring. Although it receives a slightly lower rating of 3.5 stars, Xtrade boasts a number of unique strengths that may appeal to traders looking for a distinct, browser-based trading platform.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FXOpen and Xtrade provide mobile trading apps for iPhone and Android devices, making their platforms accessible for traders on the go. While both apps have earned four stars for their mobile trading interfaces, each offers distinct features that cater to specific trading preferences. FXOpen has the edge when it comes to advanced charting tools, offering 30 technical studies and the ability to draw trendlines on charts. Traders using FXOpen can also view multiple time frames on charts, enhancing their ability to analyze market movements. Moreover, FXOpen offers stock and forex price alerts, a feature that is missing from the Xtrade app.
However, neither platform syncs watchlist symbols between the mobile app and the online account, which may be a downside for traders seeking seamless integration. Additionally, both apps lack the ability to auto-save chart drawings. While FXOpen allows users to create watchlists with real-time quotes, Xtrade does not support this function. Despite these differences, the apps' overall user ratings place Xtrade slightly higher at rank #53 compared to FXOpen's #54 out of 62 broker platforms, according to ForexBrokers.com. This suggests that while each app has its strengths, user preferences will ultimately determine the best fit for individual trading needs.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
FXOpen and Xtrade both offer daily market commentary, providing traders with regular updates and insights. Additionally, both platforms ensure their users have access to high-quality forex news, sourcing from well-regarded providers like Bloomberg and Reuters. Neither FXOpen nor Xtrade offers tools from Autochartist or Trading Central for technical and fundamental analysis, which can be a consideration for traders who rely on these specific insights to inform their trading strategies. Both brokers lack sentiment-based trading tools that show the ratio of long or short positions, as well as market research from TipRanks and research tools from Acuity Trading. However, both FXOpen and Xtrade do include an economic calendar to help traders stay informed about global news events that might impact the market.
When considering their market research offerings overall, Xtrade slightly outperforms FXOpen with a research rating of 3.5 stars compared to FXOpen's 3 stars. According to ForexBrokers.com, out of 62 brokers reviewed, Xtrade holds the 52nd position in the Research category, whereas FXOpen ranks significantly lower at 62. This comparative ranking may influence traders who value higher-rated research features in choosing between these online trading platforms—providing a slight edge to those considering Xtrade for their trading needs.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, FXOpen and Xtrade present some notable differences. FXOpen falls short in providing a comprehensive collection of educational materials, lacking the minimum of 10 educational pieces like articles or videos that focus on forex or CFDs. On the other hand, Xtrade appears more resourceful, meeting the minimum requirement of educational media, thus offering a better starting point for beginners keen on learning about forex or CFDs. Both brokers do not host monthly webinars or maintain an archive of past recorded sessions, which could have been beneficial for ongoing learning.
Neither FXOpen nor Xtrade offers in-depth video tutorials specifically designed for beginners or advanced traders, which is a significant consideration for those preferring visual learning formats. However, both platforms provide an investor dictionary with over 50 investment term definitions, which can be a handy reference for new traders. In terms of ratings, FXOpen scores 3 out of 5 stars for education, ranking 58th out of 62 brokers on ForexBrokers.com, while Xtrade performs slightly better with a 3.5-star rating, securing the 46th spot. This suggests that Xtrade may slightly edge out FXOpen in educational support for aspiring traders.
| Feature |
FXOpen
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FXOpen is better than Xtrade. FXOpen finished with an overall rank of #54, while Xtrade finished with an overall rank of #59.
FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.
| Feature |
FXOpen
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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 76 | 74 |
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FXOpen and Xtrade both do not offer the ability to purchase actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
FXOpen and Xtrade both provide options for account funding and withdrawals through Skrill, Visa or Mastercard, and bank wires, but neither offers ACH, SEPA transfers, or PayPal as payment methods.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FXOpen | Xtrade | |
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| Trust Score | 76 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
| Broker Screenshots | FXOpen | Xtrade | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | FXOpen | Xtrade | |
|---|---|---|---|
| Trust Score | 76 | 74 | |
| Year Founded | 2003 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXOpen | Xtrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FXOpen | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FXOpen | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 87 | 482 | |
| Forex Pairs (Total) | 25 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FXOpen | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXOpen | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FXOpen | Xtrade | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXOpen | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | FXOpen | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | No |
| Research | FXOpen | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FXOpen | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FXOpen | Xtrade | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Xtrade Review |
| Overall | FXOpen | Xtrade | |
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| Trust Score | 76 | 74 | |
| Winner | check_circle | ||
| Review | Xtrade Review |
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